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Young entrepreneurs showcase their business skills - 18/04/2012

Pupils from 11 primary schools in Hull will highlight how they have turned £5 donations into profitable businesses at a special event at the Guildhall next week.

At 10 am, on Wednesday 25 April, around 100 pupils will be visiting the Guildhall to showcase their achievements in the Make £5 Blossom scheme.

This will be the seventh time the scheme has seen primary schools in Hull linking up with a range of local businesses that have provided support a loan for the children to run their own mini business. This year pupils have invested their money in a whole host of businesses from hosting fashion shows and bun sales to running art galleries, school discos and even a French café.

The scheme, sponsored by St Stephen's Shopping Centre and the Co-operative Group, sees local business donating £5 per child to a class of primary school children. The pupils then work with an appointed business mentor to develop their own enterprising ideas to make a profit from the money and are given the opportunity to develop business plans, launch ideas, create products and use an abundance of enterprising skills such as creativity, financial literacy and design and marketing.

During the morning, the pupils will give presentations on their enterprise journey and talk about all the new skills they have been using throughout the project.

Anna Millar, Community Relations Manager at communications services provider KC which linked with St Richards Primary school, said:

"It has been amazing to see how the children have come up with great ideas and then actually put them into practice. I have enjoyed meeting the children and trying to help them where we could, and it is great to see them enlisting support from members of Hull's business community like KC."

Maggie Smith, Member of the East Yorkshire and North Lincolnshire Co-operative Group, added:

"The Co-operative family of businesses are pleased to support Hull's £5 Blossom scheme. So far the Co-op Bank in Hull and our James Reckitt Avenue and Preston Road stores have got involved and it has been a wonderful opportunity for our staff. As a movement we are committed to giving young people a wide range of opportunities and this programme certainly does that, as the pupils decide what they sell, where they sell it and to whom, before checking the profits and presenting their final results. They also learn the importance of making ethical decisions which is integral to our philosophy as a company."

Mike Notarantonio, Hull Ready Project Officer, said:

"We are trying to create an enterprising culture in Hull and what better way to start than allowing our primary school children the chance learn new and build on existing skills while they work alongside real businesses. As well as all the enterprise skills used, the children will also use numeracy and literacy for a real reason during this and then get a say on what any profit they make on their project is used for."

For further details about the Make £5 Blossom scheme go to www.hullready.co.uk or phone 01482 612983.

Schools and business taking part include:

· Paisley Primary supported by Claughtons

· Mountbatten Primary - Hallmark Solicitors

· Griffin Primary - Sign Services

· Elloughton Primary - St Stephens, Wendy Baarda Catering and Judsons

· St Richard's Primary - KC

· Priory Primary - NPS

· Gillshill Primary and Westcott Primary- Primarytec

· St Nicholas' Primary - Hull University

· Neasden Primary - Ale Cool Clothing

· Victoria Dock Primary - Sewells

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Hull City Council, Guildhall, Alfred Gelder Street, Hull, HU1 2AA

Tel: 01482 300 300
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Email: info@hullcc.gov.uk